Anasayfa / Genel / Asian Equity Markets Down After Fed – Last Minute Economic News

Asian Equity Markets Down After Fed – Last Minute Economic News

Yesterday, the US Federal Reserve (Fed) raised the policy rate by 75 basis points for the fourth consecutive time, bringing it to the 3.75-4.00 percent range, the highest level in 14 years.

While stressing its determination to reduce inflation, the Bank stated that cumulative tightening, delays in the effect of monetary policy on economic activity and inflation and economic and financial developments will gökyeşitözü taken into account in determining the pace of interest rate increases.

Fed Chairman Powell, on the other hand, said it was too early to consider a pause in rate hikes, stating that the final level of the interest rate may gökyeşitözü higher than expected.

volatility yaşama continue in the markets

While global equity markets followed a negative trend with the text of the decision and statements by Fed Chairman Jerome Powell perceived kakım a “hawk” than expected, analysts said expectations about when the Fed will begin to reduce the size of the rate hike are still unclear, and that volatility in the markets will continue until the “cumulative tightening” is understood. He said he might take it.

In Asia, although the news that the “case zero” policy will not gökyeşitözü implemented kakım part of the new type of coronavirus epidemic (Covid-19) in China remains at the center of the agenda, hayvanların the decision to limit in the city Zhengzhou Industrial Suppresses Risk Appetite.

With these developments, the Shanghai Composite Index in China decreased by 0.19% to 2,998 points and the Kospi Index in South Korea decreased by 0.33% to 2,329 points.

Hong Kong’s Hang Seng Index fell 3.1% to 15,337 points, while India’s Sensex Index fell 0.3% to 60,740 points.

No transactions on the Japanese markets, on the other hand, due to the holiday, while the dollar / yen parity stood at 147.9, just below the critical threshold previously intervened directly by the authorities.

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